Friday Morning Coffee with TradingMarkets

Good Morning!

Dow Plunges 678 Points, Slides Below 9,000 ... Citibank Walks on Wachovia Deal, Wells Fargo Sole Suitor ... President Bush to Speak On Economy 10 a.m. ... Is Bank Nationalization Around the Corner? ... IMF, World Bank Considering Coordinated Response to Financial Crisis ...

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TradingMarkets 7 Stocks You Need to Know for Friday

Here are 7 stocks for traders for Friday from TradingMarkets.com:

• The end of the short-selling ban was blamed for some of the disproportionate selling in stocks such as KeyCorp (KEY | Quote | Chart | News | PowerRating), which lost more than 24% on Thursday, and Comerica (CMA | Quote | Chart | News | PowerRating), which lost more than 14%.
  
  
• Also dramatically lower were insurance company shares. Prudential Financial (PRU | Quote | Chart | News | PowerRating) fell by more than 21%.
  
  
• Closing below its 200-day moving average for the second consecutive day, shares of Wal-Mart (WMT | Quote | Chart | News | PowerRating) slid more than 5% on the day.
  
  
• General Electric (GE | Quote | Chart | News | PowerRating) reports earnings Friday morning before the market opens. Analysts are expecting EPS of 0.45.
  
  
• Even gold stocks could not resist the selling on Thursday as traders took profits in Newmont Mining Corporation (NEM | Quote | Chart | News | PowerRating), taking the stock down by more than 8%.
  
  
• Better than expected quarterly profits for Eastman Chemical (EMN | Quote | Chart | News | PowerRating) left the stock virtually unchanged during Thursday's historic sell-off.

For a list of today's highest PowerRatings stocks, click here.

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